Interbizz Slated To Roll EJB Version Of ROX
ORDER MANAGEMENT
STOCKHOLM--Interbizz Financial has just completed the core of a pure Enterprise Javabean (EJB) version of ROX, its real-time trade order entry/execution/management and order routing product suite. That product, ROX 2.0 EJB, an n-tiered system based on full EJBs on the server side and Java on the client side, is slated for a launch in the third quarter.
This EJB version is based on Weblogic's Tengah application server, says Steven Rubin, vice president, marketing at Interbizz. "We may be the very first trading system vendor in the world [using pure object-oriented EJB]," he says.
Interbizz is also working to add additional functionality to its trade order suite, including allocations, electronic trade confirmations and market-specific adaptations. It's also developing a European market-specific adaptation and mulling an XML-based effort.
"Functionality overall has evolved from real-time straight through transactions processing for Internet-based retail trading to more institutional order management and order routing over intranets and extranets," Rubin says. "Some enhancements have been client-driven [such as] GUI and administrative functionality, some industry-driven [such as FIX and] some our own objectives [including] Java and Enterprise Java Beans," he adds.
ROX, which was launched in 1996, is generally private labeled. Interbizz offers various components off the ROX real-time transaction engine core: ROX in a Box, a FIX-based turnkey solution for managing IOIs, orders and executions between the buy and sell sides; ROX Remote, which offers FIX-based message and order routing to external sources such as exchanges; ROX Retail, a comprehensive system for retail-based Internet trading; and ROX Institutional for internal salespeople and traders over intranets and extranets.
The client end-user component of ROX has a configurable and dynamic thin client functionality for institutional and/or retail users. It includes multi-instrument, multi-market, multi-currency and multi-language order entry, tracking, execution, management, routing, portfolio and investment analysis and prices in real time over TCP/IP networks. It can be Java apps running over any Java-enabled browser, downloaded or HTML-based. The client side is written in Java.
The server side component includes Administration User for full administering of the system. The Broker/Trader module for order management incorporates business logic, well-defined APIs toward the back-end systems and a FIX engine for FIX messaging. The server side has been in C++ and is now in EJBs. The FIX engine is written in Java.
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